Qualcomm lost its bid on Wednesday to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company's arguments in the case involving cellphone chipsets.

BRUSSELS, Sept 18 (Reuters) - Europe's second-top court largely confirmed on Wednesday an EU antitrust fine imposed on U.S. chipmaker Qualcomm (QCOM.O), revising it down slightly to 238.7 million euros ($265.5 million) from an initial 242 million euros.

The General Court annulled the penalty imposed on Google, which was the largest of the two at €1.49 billion. It mostly upheld Qualcomm’s €242 million fine, reducing it by about 1%. Many websites include a search bar that enables users to look up specific pieces of content.